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CNW China Wind Power International Corp.

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Share Name Share Symbol Market Type
China Wind Power International Corp. TSXV:CNW TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

China Wind Power Announces Delay in Filing Annual Financial Statements

27/07/2012 10:30pm

Marketwired Canada


China Wind Power International Corp. (TSX VENTURE:CNW) ("China Wind Power" or
the "Company") announced today that the filing of its annual financial
statements, management's discussion and analysis and related officer
certifications for the financial year ended March 31, 2012 (the "Annual
Filings") will be delayed beyond the filing deadline of July 30, 2012. The
Company expects to provide more detail via a subsequent news release early next
week. 


As a result of this delay, the Company intends to make an application to the
Ontario Securities Commission and other relevant securities regulatory
authorities under applicable securities legislation for the issuance of a
management and insider cease trade order ("MCTO") in connection with the
anticipated filing delay. If an MCTO is granted, it will prohibit the Chief
Executive Officer and Chief Financial Officer, and possibly the directors and
other insiders of the Company, from trading in securities of the Company for so
long as the Annual Filings have not been completed. The issuance of an MCTO
would generally not affect the ability of persons who are not, or who have not
been, directors, officers or other insiders of the Company to trade in the
Company's securities. 


About China Wind Power International Corp. 

China Wind Power International Corp. is an Ontario company that is uniquely
positioned to capitalize on the growing demand for wind power in China. The
Company indirectly holds the exclusive rights for wind energy development in Du
Mon County, Heilongjiang Province, which has a demonstrated potential installed
capacity of 1,150 MW of wind energy developable over an area of 612 square km.
While 1,150 MW represents the Company's long-term potential for wind power in
the area, its current plans are for building out approximately 800 MW over five
development phases. The Company's common shares are listed on the TSX Venture
Exchange under the symbol "CNW". 


Caution Regarding Forward-Looking Statements 

Certain statements that are not historical facts made in this press release may
be forward-looking statements subject to risks and uncertainties. Statements
containing words such as "will", "could", "expect", "may", "anticipate",
"believe", "intend", "estimate", "plan" and other similar expressions are
forward-looking statements that represent management's beliefs at the time the
statements are made and are based on certain factors and assumptions including
the timely completion of the Annual Filings and the issuance of a management and
insider cease trade order in connection with the anticipated filing delay by the
applicable securities regulatory authorities. These forward-looking statements
are subject to a variety of risks and uncertainties and other factors that could
cause actual events to differ materially from those projected in forward-looking
statements. Important factors that could cause actual results to differ
materially from the Company's expectations including uncertainties involving the
timely completion of the Annual Filings and the issuance of a management and
insider cease trade order in connection with the anticipated filing delay by the
applicable securities regulatory authorities; and other risks and uncertainties
as more fully described in the Company's in the information circular dated
November 2, 2011, its Management's Discussion and Analysis for the 2011 fiscal
year and the three and nine months ended December 31, 2011 and in the Company's
other filings with securities regulatory authorities, which are available under
the Company's profile at www.sedar.com. Readers are cautioned that the foregoing
lists of risks, uncertainties, assumptions and other actors are not exhaustive;
therefore, readers should not place undue reliance on the forward-looking
statements contained herein. Except as required by applicable securities laws,
the Company undertakes no obligation to update any forward looking statement to
reflect events or circumstances after the date on which such statement is made.


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